The QC Concierge - February 2026

At QC Verify, we strive to be the leading provider of QC, Verification, and Validation Services in the mortgage banking industry. With our expertise and dedication to customer service and quality, we assist lenders in delivering accurate and compliant loan reports. 

New! Anti-Money Laundering (AML) Audit Component

We are excited to introduce our enhanced Anti-Money Laundering (AML) audit component, now available as an add-on to our post-closing full agency audits.

To support your operational timelines and budget considerations, we have developed a targeted AML checklist integrated into our standard full agency post-closing audit process. This structured approach allows for an efficient and focused review of AML-related risk indicators without disrupting your existing audit workflow.

The QC Verify AML component is designed to perform a comprehensive review to help identify potential financial crime risks. Our audit includes analyzing customer information, transaction activity, and relevant risk factors to support compliance with applicable AML laws, regulations, and agency expectations.

This component can be easily added to your next audit order.

Contact us today to learn how QC Verify can strengthen your AML compliance and risk management efforts.

Servicing

How can a Servicing review protect your position in a foreclosure action?

With foreclosures on the rise, it is more important than ever for Servicer’s to review their internal processes and select the right Servicing QC team. Foreclosure actions are not as cut and dry, black and white as they once were.  With Ghost mortgages bringing forth renewed foreclosure defense options and reduced enforcement from the CFPB opening the door to private litigation it is more important than ever for Servicers to cross their T’s and dot their I’s to avoid delays, increased expenses and potential private litigation.

Ghost mortgages were successful in their defense against foreclosure due to a variety of reasons, which included non-compliance with TILA, REG Z, FDCPA among other affirmative actions.  One of the most prevalent issues of non-compliance identified by QC Verify, which could impact foreclosure action is the Periodic Statement.

QC Verify has identified a variety of defects among various clients regarding periodic statements and the information required to be disclosed, some of which could impact the success of foreclosure actions.

TILA Reg. Z- 15 U.S.C. § 1638(f) mandates Servicers provide detailed, periodic statements for most residential mortgage loans, including relevant payment info, interest rates, delinquency notices (if applicable), and HUD contact details for assistance, ensuring consumers understand their mortgage obligations and potential risks like foreclosure.

Common errors with periodic statements identified by QC Verify are incorrect late payment fee amount, missing information regarding the date which the late fee is applicable as well as contact details for assistance (Specifically HUD Homeownership Counseling information) and the most egregious - periodic statements not being issued.